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Activation of a modern industry

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  • Wang, Ping
  • Xie, Danyang

Abstract

This paper constructs an integrated framework to disentangle the underlying economic mechanism of industrial transformation. We consider three essential elements for the analysis: skill requirements, industry wide spillovers and degrees of consumption subsistence. We find that human and nonhuman resources, production factor matching and industrial coordination are all important for activating a modern industry. In the process of industrial transformation, job destruction may exceed job creation, and income distribution may get worse immediately following the activation of a modern industry. An array of policy prescriptions for advancing a poor country are provided.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Development Economics.

Volume (Year): 74 (2004)
Issue (Month): 2 (August)
Pages: 393-410

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Handle: RePEc:eee:deveco:v:74:y:2004:i:2:p:393-410

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Citations

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Cited by:
  1. Chang, Ming-Jen & Wang, Ping & Xie, Danyang, 2011. "The dynamic process of economic takeoff and industrial transformation," MPRA Paper 31868, University Library of Munich, Germany.
  2. Kohei Daido & Ken Tabata, 2012. "Public Infrastructures, Production Organizations, and Economic Development," Discussion Paper Series 93, School of Economics, Kwansei Gakuin University, revised Aug 2012.
  3. Kazuhiro Yuki, 2005. "Sectoral Shift, Wealth Distribution, and Development," Development and Comp Systems 0509001, EconWPA.
  4. Xiaodong Zhu & Dennis Tao Yang, 2007. "Modernization of Agriculture and Long Term Growth," 2007 Meeting Papers 679, Society for Economic Dynamics.
  5. Trindade, Vitor, 2005. "The big push, industrialization and international trade: The role of exports," Journal of Development Economics, Elsevier, vol. 78(1), pages 22-48, October.
  6. Yuki, Kazuhiro, 2012. "Education, inequality, and development in a dual economy," MPRA Paper 39062, University Library of Munich, Germany.
  7. Elgin, Ceyhun, 2012. "A Theory Of Economic Development With Endogenous Fertility," Macroeconomic Dynamics, Cambridge University Press, vol. 16(05), pages 686-705, November.

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